YCH forges ahead as Best 'Asian 3PL of the Year'

Nov 13, 2009 12:00:00 AM

YCH Forges ahead as Best 'Asian 3PL of the Year'- 3rd consecutive win of the award further strengthens YCH�s positioning in Asia

Singapore, 13th November, 2009 - Leading Singapore-based logistics and supply chain management company YCH Group has won the Supply Chain Asia Logistics Awards� �Asian 3PL of the Year� for the 3rd consecutive year. Held at Singapore�s Raffles Town Club yesterday, the annual Supply Chain Asia (SCA) Logistics Awards honoured the best in the logistics industry.

The award reaffirms YCH�s position as a leading supply chain solutions provider with distinct forte and expertise in the Asia Pacific region, and showcases its continued commitment to supply chain excellence in Asia.

This year, YCH Group beat out various competitors in its category despite a stringent set of judging criteria such as the ability to collaborate well with clients; the range of specialized services on offer; size and scale of transport and warehouse network; IT capabilities; level of local knowledge in developing the Asian market; degree of security and risk management, and cost competitiveness of services.

VP of Sales & Marketing, Mr Michael Leong (right) receiving the �Asian 3PL of the Year� award on behalf of YCH Group

YCH team celebrating the win as Asia�s best 3PL for the 3rd consecutive year

Additionally, what was different and interesting this year was that two new benchmarks introduced to the judging this year - approach to sustainability and CSR issues, as well as the company�s continuous drive towards innovation to launch and upgrade new products and services to match market demand � also played a huge role in the selection of winners for the award.

"Here at YCH we do not rest on our laurels and always try to strive for more, which is why we are able to garner the award for a third year running. This endorsement from fellow industry players and expert logisticians will encourage us to rise above the current economic downturn, and continue to help our customers achieve strong competitive advantages through world-class supply chain management as they scale their business growth in Asia," said Dr. Robert Yap, Chairman and CEO, YCH Group.

"In this volatile economic climate, it is heartening to see that there are still Asian companies who are focused on growth and expansion instead of retraction. Despite the recent financial downturn, growth in Asia�s Supply Chain industry has remained intact while exhibiting positive performance. YCH stands out as a dynamic supply chain company that demonstrates resilience and commitment to grow in Asia through its continuous innovations and opportune investments that are well-timed to industry trends" said Mr. Turloch Mooney, Editor, Supply Chain Asia Magazine and Chair of the Judging Panel for the Supply Chain Asia Logistics Awards 2009.

In a move to extend its regional wings, YCH Group recently expanded to new territories such as Korea and Vietnam to further enhance its Asian footprint. YCH Group�s next strategic focus in Asia is to further deepen its forays into the second-tier and inland cities of these Asian countries. Focused on aggressive growth with priorities on China, India, Indonesia and Korea � consumption-driven markets that have been deemed to provide vast opportunities for logistics and supply chain management as next engines of growth, YCH is ready to tap on immediate growth in these regions as the global economy gradually moves towards recovery.

About YCH Group

Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world�s largest companies, including Dell, Motorola, Canon, ExxonMobil, B Braun, LVMH and Royal FrieslandCampina. YCH Group�s suite of innovative award-winning end-to-end supply chain management solutions - Intribution�, Intrabution�, Retrogistics�, Y-Merge� and V-Hub� - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. The Singapore-based company currently operates throughout Asia-Pacific, including Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Vietnam and Korea.

A strong proponent of innovation, YCH is recognized for its 7PL� approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and was conferred the Asian 3PL of the Year award by Supply Chain Asia in 2007 and 2008. The company is also a consecutive winner of the highly-regarded Frost & Sullivan ASEAN 4 Logistics Awards for being Singapore�s Best Domestic LSP and Best IT/Electronics LSP two years in a row. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry. Recently, YCH also clinched the prestigious National Infocomm Award 2008 for its RFID-enabled �High Performance Supply Chain Nerve Centre�.